皇冠体育app

皇冠体育appse regulations will amend the definitions used in the bank-specific taxes, which are:

• the Bank Levy
• the bank Corporation Tax surcharge
• the Code of Practice on Taxation for Banks
• the bank loss relief restriction
• the restriction on tax relief for banks鈥� compensation payments

皇冠体育app current definitions rely on terms used by the Financial Conduct Authority (FCA) in their FCA Handbook. 皇冠体育app FCA Handbook is changing with the introduction of the FCA鈥檚 new Investment Firms Prudential Regime, and so the definitions in the bank-specific taxes need to be updated to take these changes into account.

皇冠体育app regulations also make changes to the definitions to reflect regulated activities that have become regulated by the FCA since the introduction of the bank-specific taxes.

皇冠体育app government opened a technical consultation on 30 November 2021 on draft regulations which will amend definitions in the bank-specific tax rules.